Shore Capital investment testing LTE tech in Berlin

Josh White Sharecast | 17 Feb, 2017 16:26 | | |

money pounds cash
  • 252.50
  • -0.00%-0.00
  • Max: 252.50
  • Min: 252.50
  • Volume: 0
  • MM 200 : n/a
17:18 23/05/17
  • 10,497.76
  • 0.01%0.63
  • Max: 10,534.80
  • Min: 10,480.25
  • Volume: 0
  • MM 200 : n/a
17:30 23/05/17

Shore Capital updated the market on the LTE mobile technology testing being undertaken by one of its investments on Friday.

DBD holds, through a subsidiary, 32 regional radio spectrum licences in Germany of indefinite duration, and Shore Capital holds a 59.94% interest in Spectrum Investments, the parent company of DBD.

It said DBD had been given consent by the German Telecoms Regulator, BNetzA, to test the LTE TDD technology which will support its business plan for the future use of the licences, premised upon a small radio cells network concept.

An initial pilot scheme has been commenced in Berlin and DBD plans to roll out additional pilots in other areas covered by the Licences.

“For the initial Berlin trial, at the request of BNetzA, DBD is using a temporary test licence granted to it by BNetzA,” Shore Capital’s board said in a statement.

“However, DBD believes that, as a result of Article 9a of the EU Framework Directive, it should be permitted to use its existing licences to conduct the pilot schemes and to support the roll out of its services in the future.

“BNetzA has yet to confirm its agreement.”

In correspondence with DBD, Shore Capital said BNetzA had noted that its ongoing consideration of the status and use of the licences should be taken in the context of its ongoing review of spectrum frequency planning for the years after 2021/2022, and in particular its frequency concept for the 3.5GHz band, into which the licences fall.

More news

17:45 FX round-up: Sterling lower on the crosses as UK data weighs

Sterling ended Tuesday lower on most key pairs in a UK market sombre all day after the deadly Manchester suicide bomb attack last night.

17:43 Europe close: Stocks end higher as euro slips

European stocks ended the day on a high note on the heels of a slate of positive economic data out of the single currency bloc.

17:34 London close: FTSE 100 limps to mildly lower close after Manchester terror attack

London stocks limped to a mildly lower close as a sombre UK came to terms with the deadly suicide bomb attack in Manchester last night.

17:12 Wednesday preview: Retail display as Marks, Dixons, Kingfisher all report

Wednesday will see three big UK retail groups reports results: Marks & Spencer, Dixons Carphone and B&Q owner Kingfisher; while the focus Stateside will be on GDP and meeting minutes from the Federal Reserve.

16:12 Strong US services growth balances softer industrials, PMI surveys show

US services activity grew faster than expected in May, though manufacturing output slowed on the previous month, according to a purchasing managers' index survey published on Tuesday.

15:11 More patents and shelf space for Ventura Life breath care brand

International consumer self-care group Venture Life announced on Tuesday that it had been granted patents in Japan, Indonesia, Australia and Mexico for its UltraDEX Sensitive range.

15:06 ThinkSmart nabs Gerald Grimes from Hitachi Capital

Retail point-of-sale lease finance provider ThinkSmart announced the appointment of Gerald Grimes as chief executive officer on Monday.

15:01 Shanta makes good progress at New Luika and Bauhinia Creek

East Africa-focussed gold producer, developer and explorer Shanta Gold announced on Tuesday that first stope ore had been produced from the New Luika Gold Mine underground operation.

14:54 FTSE 100 movers: EasyJet flies higher on RBC upgrade; M&S drops before results

London's FTSE 100 was up 0.2% to 7,508.08 in afternoon trade.

14:31 Suicide bomb attack in Manchester pop concert leaves 22 dead

A suicide bomber killed 22 people, including many children, and injured more than 50 others at the Manchester Arena on Monday night after an Ariana Grande concert.